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Chehaoduo company logo
Corporation
INTERNET | eCommerce / Auto
guazi.com

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Founded Year

2015

Stage

Series E | Alive

Total Raised

$4.304B

Valuation

$0000 

Last Raised

$300M | 5 mos ago

About Chehaoduo

Chehaoduo is the operator of Guazi, an online C2C used-car trading platform, and Maodou, a new car eCommerce platform.

Chehaoduo Headquarter Location

South Fourth Ring Road, No. 260 Fengtai District

Beijing, Beijing,

China

Latest Chehaoduo News

SoftBank-Backed Car Dealer Chehaoduo Mulls Raising New Funds

Sep 15, 2021

Sep 15 2021, 4:49 PM September 15 2021, 10:29 AM September 15 2021, 4:49 PM (Bloomberg) -- Chinese car-trading platform Chehaoduo Group is considering raising at least $100 million in a new private funding round and is also weighing a potential listing in Hong Kong, according to people familiar with the situation. (Bloomberg) -- Chinese car-trading platform Chehaoduo Group is considering raising at least $100 million in a new private funding round and is also weighing a potential listing in Hong Kong, according to people familiar with the situation. The Beijing-based firm is looking at an initial public offering as soon as late next year, the people said, asking not to be identified as the matter is private. Currently valued at about $10 billion, Chehaoduo could go for another round of fundraising closer to the IPO, they said. Deliberations are ongoing and the IPO plans and its timing, and details such as size of the fundraising, could still change, according to the people. A representative for Chehaoduo said the information on the fundraising and IPO is “not true.”  Chehaoduo, which means “a lot of cars” in Chinese, runs online automotive retail businesses including used-car trading platform Guazi.com, which was launched in 2015, and Maodou.com, an online new-car marketplace set up in 2017. The business had sought to raise cash last year after the coronavirus outbreak hammered the auto industry in China, studying possibilities including equity fundraising and asset-backed securities issuance, Bloomberg News reported in March 2020. Chehaoduo had also considered seeking a listing the same year. Chehaoduo counts an array of investors including SoftBank Vision Fund, FountainVest Partners and Yunfeng Capital. In June, the firm announced that it completed a $300 million fundraising round led by H Capital, valuing the company at more than $10 billion. Chehaoduo’s founder and CEO Yang Haoyong’s personal foundation and Sequoia Capital China were among the investors in the round. ©2021 Bloomberg L.P.

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Expert Collections containing Chehaoduo

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Chehaoduo is included in 5 Expert Collections, including E-Commerce.

E

E-Commerce

8,739 items

U

Unicorns- Billion Dollar Startups

865 items

S

SoftBank Investments 2017-2019

146 items

S

Sequoia Capital China Investments 2018-2019

149 items

A

Auto Commerce

531 items

Companies involved in the rental, selling, trading, or purchasing of cars, RVs, trucks, and fleets, including auto financing companies, vehicle auction services, online classified advertising companies with a focus on auto, and dealership software platforms.

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